Internet infrastructure company
Participants in the company’s $1.4 billion 401(k) plan paid annual administrative fees of about $80 per person, which is about double the amount a well-run plan would have charged, Juniper employee Brian Reichert said in a complaint filed Wednesday. Participants were also charged excessive fees for managed account services that didn’t provide any material value or benefit, he says.
Reichert also challenges the plan’s investment lineup, which he says includes ...